iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Hits New 1-Year Low – What’s Next?

iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTAGet Free Report)’s share price hit a new 52-week low on Monday . The company traded as low as $46.40 and last traded at $46.42, with a volume of 115016 shares. The stock had previously closed at $46.60.

iShares Aaa – A Rated Corporate Bond ETF Price Performance

The firm has a fifty day moving average of $47.10 and a 200-day moving average of $47.57.

Hedge Funds Weigh In On iShares Aaa – A Rated Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of QLTA. Heck Capital Advisors LLC grew its position in iShares Aaa – A Rated Corporate Bond ETF by 17.7% in the second quarter. Heck Capital Advisors LLC now owns 165,932 shares of the company’s stock valued at $7,885,000 after acquiring an additional 24,982 shares in the last quarter. Sterling Investment Advisors LLC ADV boosted its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 4.6% in the second quarter. Sterling Investment Advisors LLC ADV now owns 180,540 shares of the company’s stock valued at $8,579,000 after purchasing an additional 7,974 shares during the period. SHUTTLEWORTH & Co boosted its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 24.7% in the first quarter. SHUTTLEWORTH & Co now owns 54,745 shares of the company’s stock valued at $2,605,000 after purchasing an additional 10,846 shares during the period. Royal Bank of Canada grew its holdings in iShares Aaa – A Rated Corporate Bond ETF by 1.6% during the 1st quarter. Royal Bank of Canada now owns 174,276 shares of the company’s stock valued at $8,293,000 after purchasing an additional 2,773 shares in the last quarter. Finally, Glen Eagle Advisors LLC grew its holdings in iShares Aaa – A Rated Corporate Bond ETF by 20.0% during the 1st quarter. Glen Eagle Advisors LLC now owns 78,907 shares of the company’s stock valued at $3,755,000 after purchasing an additional 13,152 shares in the last quarter.

iShares Aaa – A Rated Corporate Bond ETF Company Profile

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The iShares Aaa – A Rated Corporate Bond ETF (QLTA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of dollar-denominated fixed-rate corporate bonds rated AAA-A issued by US and non-US corporations with maturities of at least one year. QLTA was launched on Feb 14, 2012 and is managed by BlackRock.

Further Reading

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